|Bid||33.10 x 17700|
|Ask||33.12 x 7700|
|Day's Range||32.90 - 33.24|
|52 Week Range||25.93 - 36.75|
|PE Ratio (TTM)||13.25|
|Forward Dividend & Yield||0.96 (2.49%)|
|1y Target Est||N/A|
Germany’s Hochtief made a $21.9 billion offer to buy Abertis, gatecrashing an effort by Italy's Atlantia to acquire the Spanish toll-road operator.
DUESSELDORF/MILAN (Reuters) - German builder Hochtief (HOTG.DE), controlled by Spain's ACS (ACS.MC), made a 17.1 billion euro (15.28 billion pounds)bid for Spanish toll road operator Abertis (ABE.MC) on Wednesday, topping a rival offer from Italy's Atlantia (ATL.MI). Hochtief is offering 18.76 euros in cash, or 0.1281 Hochtief shares, for each Abertis share and has set a minimum acceptance threshold of 50 percent plus one share. Builder ACS is launching the bid via cash-positive Hochtief to protect its credit rating and avoid having to raise equity itself, though Hochtief's plan to issue up to 24.8 million shares could dilute ACS's 72 percent stake in the German firm to below 50 percent.
DUESSELDORF (Reuters) - German builder Hochtief's (HOTG.DE) 17.1 billion-euro (£15.2 billion) bid for Spanish toll road operator Abertis (ABE.MC) is purely based on business considerations, Chief Executive ...
Dealmaking activity helped European shares inch higher on Wednesday as the focus turned to a flurry of third-quarter company earning updates. Spanish road toll operator Abertis soared to a record high after German builder Hochtief tabled a $20.1 billion bid, topping a rival offer from Italy's Atlantia. Abertis rose 7 percent, leading gainers on the STOXX 600 index and helping the pan-European benchmark end up 0.3 percent, near four month highs.
(Reuters) - German builder Hochtief (HOTG.DE), controlled by Spain's ACS (ACS.MC), made a 17.1 billion euro (£15.2 billion) bid for Spanish toll road operator Abertis (ABE.MC) on Wednesday, topping a rival ...
FRANKFURT (Reuters) - Hochtief (HOTG.DE), controlled by Spain's ACS (ACS.MC), said it was offering a total of around 17.1 billion euros (£15.2 billion) in cash and shares for Spanish toll road operator ...
Builder ACS offered 18.6 billion euros ($21.9 billion) for Abertis Infraestructuras SA, topping a bid from Italy’s Atlantia SpA with a proposal that would keep the toll-road operator in Spanish hands and ...
MILAN (Reuters) - Investors holding more than 50 percent of Abertis' (ABE.MC) shares have expressed non-binding support for a takeover bid on the Spanish toll road operator launched by Italian rival Atlantia ...
MILAN/DUESSELDORF (Reuters) - Italian toll-road operator Atlantia (ATL.MI) is prepared to raise its takeover bid for Spanish rival Abertis to up to about 17.8 billion euros ($21 billion) should a rival offer by builder ACS materialise, three sources close to the matter said. Atlantia this week formally launched a cash and share offer that values Abertis (ABE.MC) at around 17 billion euros - or about 17 euros per share - in a deal that would create the world's biggest toll-road operator. The sources on Friday said Atlantia was prepared to offer up to 18 euros per share, if necessary.
SANTIAGO (Reuters) - Japan's Mitsui & Co plans to build a desalination plant for BHP Billiton Plc's (BLT.L) Spence copper mine in Chile, it said on Thurday. Mitsui is building the plant through a joint ...
Japan's Mitsui & Co plans to build a desalination plant for BHP Billiton Plc's Spence copper mine in Chile, it said on Thurday. Mitsui is building the plant through a joint operation with Técnicas de Desalinazación de Aguas, S.A., it said in a statement. Reuters reported on Aug. 10 that a number of other companies including a consortium of Canada's Brookfield Asset Management and Spain's Acciona had also bid on the $800 million project, but BHP had selected the Mitsui group to go ahead with bilateral negotiations, sources said.
MILAN/BRUSSELS (Reuters) - Italian toll-road group Atlantia's 17 billion-euro (15.19 billion pounds) bid for Spain's Abertis (ABE.MC) is set to win EU approval, sources said on Tuesday, clearing another hurdle to getting the long-awaited deal done unless a counter-bid emerges. Three sources with knowledge of the matter said that EU antitrust regulators were set to give unconditional approval to the bid on Friday. Atlantia, which announced in May its proposal to acquire Abertis to create the world's largest toll-road operator, formally launched the cash-and-shares offer on Tuesday, a day after receiving the go-ahead from the Spanish market regulator.
MADRID/MILAN (Reuters) - Spain's market watchdog approved Italian infrastructure group Atlantia's (ATL.MI) proposed takeover of Spanish rival Abertis (ABE.MC) on Monday, clearing one of the hurdles to the creation of the world's biggest toll-roads operator. Approval comes nearly five months after Atlantia announced it was offering 16.3 billion euros (14.55 billion pounds) in cash and shares to buy Abertis. Spanish regulator CNMV said in a market filing the offer was conditional on shareholders representing at least 10.1 percent of Abertis share capital accepting payment in Atlantia shares.
ROME (Reuters) - Spanish market regulator CNMV is expected to approve on Monday the prospectus of Italian infrastructure group Atlantia's (ATL.MI) takeover bid for Spanish rival Abertis (ABE.MC), a source ...
Half Year 2017 ACS Actividades de Construccion y Servicios SA Earnings Call
Spanish construction company ACS has won 1,550 megawatts (MW) of solar generating capacity through its engineering affiliate Cobra, the company said on Wednesday. The government's renewable capacity auction of about 3,000 MW, most of which was for solar power producers, was the second this year and is part of a drive to make sure 20 percent of all energy consumed in Spain by 2020 is from renewable sources. Cobra is a services company focused on solar and wind power, industrial engineering and networks and grid infrastructure.
FRANKFURT/AMSTERDAM, March 23 (Reuters) - VolkerWessels, the largest Dutch construction company, is preparing a stock market listing which may value the family-owned business at more than 2 billion euros ($2.15 billion) including debt, people close to the matter said. The company's main shareholders are expected to offer a stake of 20 to 49 percent of the company in the initial public offering, depending on investor demand, the people said. VolkerWessels has already held analyst presentations and is working with Morgan Stanley, Bank of America, ING and ABN Amro as global coordinators on the deal, while Kempen is acting as IPO advisor, the sources said.
German builder Hochtief on Thursday denied it would bid for a possible contract to build a wall on the U.S. border with Mexico. "Hochtief did not make any statement on the construction of a wall between the USA and Mexico," the company said in a statement on Thursday. "We emphasize that neither HOCHTIEF nor our U.S.-subsidiaries are pursuing plans to tender for this wall," the company said.
Full Year 2016 ACS Actividades de Construccion y Servicios SA Earnings Presentation
German builder Hochtief is keen for more work in the United States, including any possible contract to build a wall on the U.S. border with Mexico, Chief Executive Marcelino Fernandez Verdes said. The U.S. Customs and Border Protection agency said last week it would accept proposals next month for the design of a wall to be built near the U.S.-Mexican frontier, a first step in picking vendors for President Donald Trump's proposed border wall. Fernandez Verdes was speaking after Hochtief, which is majority-owned by Spanish construction group ACS, published 2016 financial results.
MILAN/LONDON, Feb 8 (Reuters) - European shares edged ahead on Wednesday, helped by good earning updates, but bank stocks hit a five-week low on growing concerns over the region's crowded election agenda this year. The STOXX 600 rose 0.3 percent after a volatile session that saw the pan-European index dip into negative territory at one point, weighed down by financial stocks which are seen as most sensitive to political uncertainty. At the forefront of investors' concerns is the French presidential election, with worries about the strong showing of far-right candidate Marine Le Pen keeping euro and French debt under pressure on Wednesday.
European shares edged higher on Wednesday led by mining and construction stocks on a heavy day for company results. The pan-European STOXX 600 index was up 0.2 percent, but national indexes were mixed, with Italy, Spain and Britain in negative territory while France's blue-chip index outperformed. Norwegian insurer Storebrand was the best performing stock in the index, up 5.1 percent after touching a nine-year high, after reporting forecast-beating earnings and the first dividend in six years.